COE Premiums Up Across The Board
COE Premiums will be expected to keep climbing for the foreseeable months, due to the reduction of vehicle quotas. Category B COEs have been affected the most during October’s first round of bidding. For those who are keen to do a COE renewal, click here for an affordable repayment scheme for your COE loan.
Category A (cars 1,600cc and below, and have a maximum power of 130bhp),
Quota of 1,057 @ $34,001, up from $31,759,
Category B (cars above 1,600cc, and have a more than 130bhp),
Quota of 1,048 @ $41,361, up from $37,000,
Commercial Vehicle Category C,
Quota of 286 @ $26,509, up from $25,556,
Motorcycle Category D,
Quota of 765 @ $3,800, up from $3,601,
Open Category E (All but motorcycles),
Quota of 364 @ $41,001, up from $40,000,
Bids can be submitted through the Automated Teller Machines (ATMs) of DBS/POSB and the Internet Banking facilities of UOB or Maybank, do ensure that you have bank accounts with these participating banks.
The bid deposit for COEs in Categories A, B, C and E is $10,000 per bid while that for Category D is $200 per bid.
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